Attachments: The System II (Yes with irony)

The System II (Yes with irony)

#4,441
Sep 2, 2009 7:49am Sep 2, 2009 7:49am

fxachilies
| Membership Revoked | Joined Feb 2009 | 2,903 Posts

Quoting feb2865

Disliked

mmm ok.

1)Back in 1981...we didn't have charts. We had a piece of paper we used to call "flow charts" (HA!) If we want to see some price simulation, we need to become "artists" and draw all the bars by hand...I still keep some of these "charts"...what?? MACD'S???? Bollinger Bands??? oh yeah baby, snap on...do it yourself...

2) I got my ribs broken twice on the pits.

3) countless fistfigths with the monkeys at your side trying to steal a tick out of you (oh please!!! I can believe we were such ignorants) but that was true...

4) coming...

Ignored

thanks for sharing feb i really enjoyed it.. specially this part.. ahhhh those were the days...no drug test whatsoever......
I am glad that you survived the 80's too my man..

Thanks again..

#4,442
Sep 2, 2009 7:54am Sep 2, 2009 7:54am

feb2865
| Commercial User | Joined Jun 2006 | 1,578 Posts

short looks good on if market breaks 1.4195 area...I am talking on euro futures....selling pressure building up on the floor I will be short with smaller load looking for a quick buck

The spot looks similar...... will be wise to wait after 10':00 AM.

Peace

#4,443
Sep 2, 2009 8:00am Sep 2, 2009 8:00am

Ogna
| Joined May 2009 | Status: Trader | 151 Posts

Quoting feb2865

Disliked

short looks good on if market breaks 1.4195 area...I am talking on euro futures....selling pressure building up on the floor I will be short with smaller load looking for a quick buck

The spot looks similar...... will be wise to wait after 10':00 AM.

Ignored

What are futures? im a n00b at everything but forex and even in forex all i know is how to read charts and place trades i dont understand anything about the "big guns"? lol

#4,444
Sep 2, 2009 8:00am Sep 2, 2009 8:00am

fxachilies
| Membership Revoked | Joined Feb 2009 | 2,903 Posts

Well fellows not even adp could move this much for now.. I am out.. going fishing.. lol.. jk..
did not make money today but enjoyed the session with the presence of our master.. worth a millions.. apperciated.. and I hope you survive that gold trade..

see you all tommorow before londi session..

#4,445
Sep 2, 2009 8:02am Sep 2, 2009 8:02am

feb2865
| Commercial User | Joined Jun 2006 | 1,578 Posts

I have the felling that we're going to have a nice run on the fed announcement. The floor is dead. It's wise to stick around for the announcement just in case...and play the other side of the move.

Peace

#4,446
Sep 2, 2009 8:10am Sep 2, 2009 8:10am

beachtrader
| Joined Jun 2009 | Status: Trader | 6 Posts

Apologies for posting a cable chart but it's been one of those mornings when she's been performing well, although hard work managing the trades and early doors saw a couple of small hits.

Feb, FX is you'd like me to take this off so you can stick to Euro then I will.

Feb - although I have lurked rather than posted (as I trade only cable) - thank you so much for all that you have taught me and I'm sure others and glad you are in better health.

Cheers Rob

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#4,447
Sep 2, 2009 8:19am Sep 2, 2009 8:19am

Ether
| Joined Sep 2009 | Status: Trader | 2 Posts

Have been the one on the sidelines. For several months... Have been going through this thread. Over and over.
Feb established the focus of this thread, and the pace. More than a year later, the thread remains vibrant. Feb's deft hand seemingly guiding dozens of traders...
It's been a good journey for me. One filled with a lot of learning and humility. I have been humbled by the Feb's generosity of spirit and temperament and of the remarkable family that now keeps the heartbeats of this thread pulsating, pip after pip.
Many thanks for your brilliant contributions in an outstanding thread.

Cheers
Ether

#4,448
Sep 2, 2009 8:27am Sep 2, 2009 8:27am

molotov
| Joined Sep 2008 | Status: :) | 12 Posts

Quoting feb2865

Disliked

I have the felling that we're going to have a nice run on the fed announcement. The floor is dead. It's wise to stick around for the announcement just in case...and play the other side of the move.

Ignored

Hi Feb,

when will that be ?

btw nice to see you back

#4,449
Sep 2, 2009 8:32am Sep 2, 2009 8:32am

feb2865
| Commercial User | Joined Jun 2006 | 1,578 Posts

Quoting molotov

Disliked

Hi Feb,

when will that be ?

btw nice to see you back

Ignored

thanks.

2:00 PM EST.

Peace

#4,450
Sep 2, 2009 8:58am Sep 2, 2009 8:58am

feb2865
| Commercial User | Joined Jun 2006 | 1,578 Posts

Quoting beachtrader

Disliked

Apologies for posting a cable chart but it's been one of those mornings when she's been performing well, although hard work managing the trades and early doors saw a couple of small hits.

Feb, FX is you'd like me to take this off so you can stick to Euro then I will.

Feb - although I have lurked rather than posted (as I trade only cable) - thank you so much for all that you have taught me and I'm sure others and glad you are in better health.

Cheers Rob

Attachment

Ignored

Rob

If you feel you have an edge on cable, by all means, go for it!!!

I prefer Euro..is just a habit I should say

Thanks for asking!!

Peace

#4,451
Sep 2, 2009 9:00am Sep 2, 2009 9:00am

feb2865
| Commercial User | Joined Jun 2006 | 1,578 Posts

Quoting Ether

Disliked

Have been the one on the sidelines. For several months... Have been going through this thread. Over and over.
Feb established the focus of this thread, and the pace. More than a year later, the thread remains vibrant. Feb's deft hand seemingly guiding dozens of traders...
It's been a good journey for me. One filled with a lot of learning and humility. I have been humbled by the Feb's generosity of spirit and temperament and of the remarkable family that now keeps the heartbeats of this thread pulsating, pip after pip.
Many thanks for your brilliant...

Ignored

You're welcome...

always happy to help...

I don't come around here that much,...just happens that today I have plenty of time in my hands....

Peace

#4,452
Sep 2, 2009 10:22am Sep 2, 2009 10:22am

DareXau
| Joined Mar 2009 | Status: RangeBar's Semi-Scalper | 896 Posts

... the range boundary still at 57.7 pips for today, it's probably the most narrow trading day in many months,
... but somehow I did menage to squeeze another trade ...
target open at the moment, 'cos going to try get whatever max. possible ...
ho ho ho ... looks very nice ...

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#4,453
Sep 2, 2009 10:48am Sep 2, 2009 10:48am

DareXau
| Joined Mar 2009 | Status: RangeBar's Semi-Scalper | 896 Posts

Below is a bit of explanation about the reasons for a choppy monster ...

FXstreet.com - Daily currency trading volumes have reduced from $3.71 trillion record high in April 2008 to $2.86 trillion in April this year,
a decline of about 23% year on year, according to figures released by International Financial Services London.
Trading volumes including on non-traditional derivatives and products traded on exchanges have dropped by 24%;
from $4.08 trillion in April last year, to $3.1 trillion last April.
The decline has been widespread among currency pairs, instrument types and geographic regions, according to the report.
However trading volume nearly doubled from April 2005 to April 2008, according to International Financial Services London,
due to growing activity by hedge funds, retail investors and the increase of new electronic trading platforms.
Regarding to currency pairs, the Dollar continues the most traded currency,86% of the trades contain the dollar in the pair,
followed by Euro , Japanese Yen and British Pound. The most traded pair is the EUR/USD

#4,454
Sep 2, 2009 11:08am Sep 2, 2009 11:08am

DareXau
| Joined Mar 2009 | Status: RangeBar's Semi-Scalper | 896 Posts

... that's it, trade close (moved S/L got hit unfortunately) ... but otherwise looks very bullish for Euro ...

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#4,455
Sep 2, 2009 11:34am Sep 2, 2009 11:34am

jplo
| Joined Mar 2009 | Status: Trader | 730 Posts

Quoting DareXau

Disliked

... that's it, trade close (moved S/L got hit unfortunately) ... but otherwise looks very bullish for Euro ...

Ignored

Hi Dare, Your entry and SL is where I marked on my chart?
Entry based on a fractal reversal and SL below the previous low?
If I'm correct, your trade were quickly in profits to reverse and almost stopped you out to reverse again in your favour and got your target (hitted your trailled stop)...
Amazing cold bood mate....

And amazing getting 31 pips in a 70 pips range in one trade...

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#4,456
Sep 2, 2009 2:46pm Sep 2, 2009 2:46pm

PaulLangham
| Joined Jun 2008 | Status: Trader | 586 Posts

Quoting fxachilies

Disliked

Good Morning to all,
guys I am going to make some comments in regards to pauls trades and it be good for everyone else as you would go over your trades and find the flaws and strenght..

Paul,
great trading doing a nice job.. I am going to start with the positive and that be your 5th trade.. that was awsome and I say this in regardless of the outcome.. that is just a bigtime trade and the risk is always in your favor on such trades.. i made good money myself on that one and the next two inside the trenches as I played them all live for everyone...

Ignored

Hi Fx,

Sincere thanks for coming back to me concerning my trades - your comments are very much appreciated.

I guess yesterday I mixed some good trades with some less good ones, but still managed to come out on top.

You are absolutely right about trade 6 - I have to admit I have been completely ignoring any news items as I thought we had said we were looking at 50/50 shots anyway - but I will bring that back into my trading plan from now on.

Re the 21 pips, I understand what you are saying - especially when reading Feb`s comments from earlier today about his existence, I guess at the moment I am more interested in gradually building confidence before starting to go for the moon. But I get what you are trying to say - I think from now on I will maybe take some off at +21 and then manage the rest.

Like wise your comments about price going in a straight line, we all know and understand that and have seen it everyday live, but somehow instinctively as traders people get spooked when the price comes back up at them - what I try and say to myself when I see ths happening is would I like to be sitting the opposite way at this point and mostly if I quickly eyeball the charts the answer is no - this reinforces staying with the trade to me.

Again appreciate your comments, nice to see feb in here today as well.

cheers

Survive and Preserve

#4,457
Sep 2, 2009 2:51pm Sep 2, 2009 2:51pm

PaulLangham
| Joined Jun 2008 | Status: Trader | 586 Posts

Here are my trades from today.

I reduced size after the second trade and carried on trading even though we had news and the market was ranging.

Fx - a nice howler of a trade in my number 3 , but my excuse is that it was breaking out of the range at that point, of course two hours later the very same trade worked out great, but I had stopped trading by then.

Thanks for any comments or queries anyone has.

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